getjar networks
getjar

App store company GetJar raises $11 million Series B from Accel Partners

Next Story

Discolored displays on iPhone 4s caused by still-wet glue?

Application store company GetJar this morning announced it has secured $11 million in a Series B funding round led by previous backer Accel Partners, report PaidContent and others.

The company says it plans to use the funding to bolster its consumer-facing sites as well as its professional solutions geared towards app developers and publishers.

GetJar says that in the past year, the company has tripled the number of employees, quadrupled the number of downloads per month, signed partnerships with players like U.S. carrier Sprint and maintained its profitability.

“We doubled down in this Series B due to GetJar’s momentum as the leading open platform in the mobile apps space,” said Rich Wong from Accel Partners, the company’s only major investor to date. “Mobile app developers need to get discovered, build a marketing channel for mobile users, and scale to massive user bases.”

GetJar recently released the results of an independent study which indicates that the market for mobile apps could grow to a whopping $17.5 billion within the next three years. It’s well on its way to ride the trend: the company two weeks ago said it has broken the 1 billion app download barrier. GetJar is currently home to some 75,000 mobile apps that work across multiple platforms and devices, including RIM’s BlackBerry and Google Android devices.

For more insight on GetJar’s business, check out this video interview I did last year with founder and chief exec Ilja Laurs:

blog comments powered by Disqus